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Ohio is the first state to accept bitcoin as a tax bill.
Local businesses can register on OhioCrypto.com to pay 23 types of taxes, ranging from the sale of cigarettes to payroll deduction by employees, with bitcoins.
The program, launched by State Treasurer Josh Mandel, will eventually be extended to individual declarants, according to The Wall Street Journal.
Mandel, 41, is interested in bitcoin "many years ago" and sees this new initiative as a convenience to citizens and an opportunity to pitch the Ohio flag in digital currency.
"I see [bitcoin] form of legitimate money, "he said. WSJ. And he hopes other governments will do the same.
Arizona, Georgia and Illinois have considered adopting similar systems, the paper said, but bills dealing with the issue are stalled in the legislatures of the three states.
Bitcoin, the first decentralized digital currency, operates without a central bank or a single administrator; transactions occur directly between users and are verified by network nodes and registered in the blockchain.
In this case, it can be used to pay the bill of any state tariff.
"From family coffees to Fortune 100 companies, businesses now have the opportunity to pay their taxes with OhioCrypto.com," the website said.
However, the treasurer's office does not really stack up a cryptocurrency worthy of Scrooge McDuck. Technically, the new service channels payments through the Atlanta-based BitPay processor, which converts bitcoin into dollars.
If you are not already trading in bitcoins, it may be a bad time to start.
CoinDesk announced Sunday a 36% drop in the price of cryptocurrency, the biggest weekly decline in more than five years.
Learn more about bitcoin and the blockchain thanks to the main exploder John Oliver. And check out more coverage below from Geek.com:
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